<\/p>\n
Bitmine Immersion Technologies has extended its Ether buying streak into its fifth week, scooping up 71,179 Ether in its largest weekly purchase of 2026 so far.\u00a0<\/p>\n
The roughly<\/a> $147 million Ether (ETH<\/a>) buy represents a jump from Bitmine\u2019s previous weekly average of $93 million to $103 million, the company said in a statement on Monday.<\/p>\n Last week, Lee said Ether is in the final stages of the mini-crypto winter<\/a> and said this was a key reason the company has been maintaining its aggressive Ether buying over the past few weeks. Across its previous four purchases in March, Bitmine bought up a total of 238,244 Ether.<\/p>\n \u201cBitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case is ETH is in the final stages of the \u2018mini-crypto winter,\u2019\u201d Lee said Monday.\u00a0<\/p>\n Crypto markets have continued to see volatility since its crash<\/a> in October. There have also been signs of slowing momentum from institutional investors<\/a>, with crypto exchange-traded product inflows diminishing amid ongoing Middle East tensions.<\/p>\n However, Lee said there could be light at the end of the tunnel for the crypto markets once risks in oil markets start to come down.<\/p>\n \u201cThe inverse correlation of crypto and equities to oil has been increasing and is at the highest levels in the past year,\u201d Lee said.\u00a0\u00a0<\/p>\n \u201cThis is logical. Until equity markets become comfortable with the future trajectory of oil prices, rising oil is a headwind for equities and crypto. And in a sense, the crypto winter likely ends when the upside risk to oil prices peaks,\u201d he added.<\/p>\n StrategicEthReserve currently tracks<\/a> 67 large Ether treasury holders, with Bitmine leading by a wide margin. SharpLink Gaming sits second with 863,000 Ether, while Ether Machine ranks third with 496,000 tokens.<\/p>\n Among the top three Ether treasury companies, Bitmine is the only one to have publicly disclosed purchases this year.\u00a0<\/p>\n SharpLink Gaming last purchased 3,600 Ether in December, while Ether Machine has not bought since acquiring 1,400 Ether in October, according to StrategicEthReserve.<\/p>\n A similar trend is playing out among Bitcoin treasuries, according to CryptoQuant.<\/p>\n On Wednesday, Cryptoquant analysts said Michael Saylor\u2019s Strategy has been the near sole driver of Bitcoin (BTC<\/a>) treasury demand over the last 30 days.<\/p>\n Bitcoin purchases from non-Strategy firms amounted to around 1,000 BTC over the past 30 days, down 99% from peak levels, while Strategy bought 45,000 BTC over the same timeframe.<\/p>\n Related: <\/strong><\/em>Bitmine launches institutional Ethereum staking platform<\/strong><\/em><\/a><\/p>\n Michael Saylor\u2019s Strategy remains the number one public crypto treasury company, with reported<\/a> holdings of 762,099 Bitcoin as of Sunday, worth more than $51 billion.<\/p>\n The company however recently paused its regular buys, with Saylor reporting no purchases<\/a> to the US Securities and Exchange Commission between March 23 and March 29.<\/p>\n Magazine: <\/strong><\/em>Morgan Stanley Bitcoin ETF undercuts BlackRock, SBF pardon unlikely: Hodler\u2019s Digest, Mar. 22 \u2013 28<\/strong><\/em><\/a><\/p>\n <\/div>\n Bitmine Immersion Technologies has extended its Ether buying streak into its fifth week, scooping up 71,179 Ether in its largest weekly purchase of 2026 so far.\u00a0 The roughly $147 million Ether (ETH) buy represents a jump from Bitmine\u2019s previous weekly average of $93 million to $103 million, the company said in a statement on Monday. […]<\/p>\n","protected":false},"author":2,"featured_media":423232,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-423231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=423231"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423231\/revisions"}],"predecessor-version":[{"id":423233,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423231\/revisions\/423233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/423232"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=423231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=423231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=423231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitmine\u2019s closest peers remain silent on ETH buys<\/h2>\n
Strategy buys 45,000 Bitcoin in 30 days<\/h2>\n